Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.
1. STOCK NEWS:
- Royal Dutch Shell (RDS.A) has proposed to change its name to Shell plc and move its headquarters to Britain [more]
- Elon Musk taunts Bernie Sanders, suggests sale of more Tesla (TSLA) stock in tweet [more]
- Mantle Ridge reported a 5.7% stake in Dollar Tree (DLTR) [more]
- American Tower (AMT) agreed to acquire CoreSite Realty (COR) for $170 per share in cash [more]
- Restaurant Brands (QSR) agreed to acquire Firehouse Subs for $1B in an all-cash transaction [more]
2. WALL STREET CALLS:
- Morgan Stanley starts Crowdstrike (CRWD) at Underweight amid competitive pressure [more]
- Chevron (CVX) upgraded to Buy at UBS on higher oil price expectations [more]
- EVgo (EVGO) downgraded to Neutral from Outperform at Credit Suisse [more]
- Blink Charging (BLNK) upgraded to Buy from Neutral at H.C. Wainwright [more]
- 23andMe (ME) downgraded to Neutral from Buy at Citi [more]
3. AROUND THE WEB:
- Roblox (RBLX) is looking to bring educational video games to classrooms, WSJ reports [more]
- Intel (INTC) has dropped plans to make wafers in China to ease shortages, Bloomberg reports [more]
- Boeing (BA) is "getting close" to resuming 787 deliveries, Reuters reports [more]
- Globus Medical (GMED) made a takeover approach to NuVasive (NUVA), Bloomberg says [more]
- McDonald's (MCD) has reached new partnership deals with DoorDash (DASH) and Uber Eats (UBER), Restaurant Business reports [more]
4. MOVERS:
- EyePoint (EYPT) surges after reporting interim safety and efficacy data from its Phase 1 DAVIO trial [more]
- CyrusOne (CONE) rises after being acquired by KKR (KKR) and GIP for $90.50 per share in cash [more]
- Vivint Smart Home (VVNT) higher after providing "beat and raise" report for Q3 [more]
- BioXcel Therapeutics (BTAI) slips after Goldman Sachs analyst Corinne Jenkins double downgraded the stock to Sell from Buy [more]
- Telos (TLS) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Casper Sleep (CSPR) reported downbeat Q3 earnings and agreed to be acquired by Durational Capital for $6.90 per share [more]
- Tyson Foods (TSN) reported upbeat Q4 earnings and revenue [more]
- Splunk (SPLK) reported preliminary Q3 revenue and announced the departure of CEO Doug Merritt [more]
- Oatly Group (OTLY) reported Q3 sales that missed consensus expectations [more]
- Butterfly Network (BFLY) provided downbeat FY21 revenue guidance [more]
INDEXES:
The Dow fell 12.86, or 0.036%, to 36,087.45, the Nasdaq lost 7.11, or 0.045%, to 15,853.85, and the S&P 500 declined 0.05, or 0.0011%, to 4,682.80.